When you plan your estate, you express your final wishes with regard to the way you want your assets to be distributed after you are gone. This can seem like the long and short of it, but there is a human element. Someone has to complete the administration tasks to bring your wishes to fruition, […]
Blog
How an Estate Planning Lawyer Can Save You Money
Estate planning involves many legal and financial details. Without proper guidance, you might make errors that could cost your family a significant amount of money. An estate planning lawyer can help you avoid these pitfalls. They ensure that your documents are correctly drafted, filed, and executed. A small mistake, like a missing signature or an […]
Choosing the Right Successor Trustee for Your Living Trust
A revocable living trust is a powerful tool in estate planning, allowing you to manage and protect your assets during your lifetime and ensure they are distributed according to your wishes after you pass away. However, the effectiveness of this trust depends heavily on the person you choose as your successor trustee. Selecting the right […]
Estate Planning Preparedness Survey Yields Eye Popping Results
Each year, Caring.com questions people about their estate planning preparedness or lack thereof, and they have completed their 2024 study. In this post, we will share some of the results, and they paint a compelling picture. No Improvement One trend is very persistent year after year: there is never any significant improvement. For the last […]
A Pet Trust Can Facilitate Responsible Pet Ownership
As elder law and estate planning attorneys, we focus on challenges that people face when they attain senior citizen status. Unfortunately, loneliness is one of these difficult situations. When you start to reach an advanced age after you have retired, you do not have regular interactions with your coworkers. Your family members may live busy […]
Is There an Inheritance Tax in New York?
An inheritance tax is a tax that is levied on distributions to each individual nonexempt inheritor when an estate is being administered. There is no federal inheritance tax, and there are five states in the union that have state-level inheritance taxes. States With State-Level Inheritance Taxes There are state inheritance taxes in Kentucky, Nebraska, Pennsylvania, […]
See Larger Map Get Directions